PCE inflation soars to highest level since November as investors price in 2-in-5 chance of no rate cuts before Election Day

PCE inflation soars to highest level since November as investors price in 2-in-5 chance of no rate cuts before Election Day

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One month after increasing for the first time since September, the personal consumption expenditures price inflation index rose again from 2.5% to 2.8% in the month ending in March, its highest annual level since November of last year. Core PCE inflation, which strips away the volatile categories of food and energy prices, held constant at […]

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